Qtum (QTUM) Stuck as its Celebrates 1st Anniversary but Future Bright

QTUM (QTUM) is one of the most promising altcoins in the market and its growth. A fork from Bitcoin, the ecosystem retains Bitcoins originality but also compatible with the Ethereum Virtual Machine. The hybrid nature of the network makes it more secure than Bitcoin and the Ethereum compatibility makes a dApp hub of the future.

Unlike the much fancied Ethereum, QTUM has played host to several ICOs and dApps. The popularity has transformed the coin. Its adaptability is bases on the coin doubling up as a transactional utility and value store. The ecosystem current appeal is derived from the proof-of-stake algorithm backed by smart contacts.

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Qtum (QTUM) Ahead in the Market

The listing of QTUM on Poloniex is a big boost for the coin as this has seen the coin price shift upwards in a market that is yet to regains its stability after the September 5 market snap that saw many coins and tokens shed substantially in less than one week.

For the ardent crypto enthusiast, QTUM is among the first outfits in the crypto verse that are compatible with other blockchains including Ethereum and Bitcoin. Its compatibility with additional gateways ensures is adoption will naturally grow as long as the demand for digital coins exists. In the blockchain industry, building links with other players is critical and this makes QTUM future bright.

To boost its relevance in the market, the platform offers a wide range of developer tools and kits. These make it easy to connect with other ecosystems. At the moment, the developer team behind QTUM is developing in-built smart contracts that will ushers in a wide range of real life use cases.

Successful dApps Launched on Qtum (QTUM) Ecosystem

If you have been wondering where the Ethereum client base is disappearing to, QTUM could be their new home. Since its inception last year, QTUM ecosystem has been a launching pad for several ICOs and dApps that are already become very popular. Unlike the Ethereum ERC20 tokens, QTUM has its QRC20 tokens that have been successful in the market.

Bodhi (BOT) is one of the most popular QTUM QRC20 token which has a market cap of 2.9million and trading at $0.071551 with gains of 2.56% against the dollar. This is an upcoming crypto prediction industry player and its community is steadily growing and is supported by Gate.io among other major exchanges.

Ink (INK) is another QRC20 token with over 35,000 holders to date and ranked 353 by market cap that stands at 8.84million. The coin has gained 2.84% in the last 24 hour trading session to sets its price at $0.019066. This is an IP verification outfit and its use cases are inclined towards data and value transmission.

Another QTUM success story is the HalalChain (HLC) token that is set to interrupt the food industry through verification of Halal foods through a supply chain mechanism. With a market cap of $5.6million, the QRC20 token is trading at $0.020185 with gains of 4.10% in the last 24 hours

Qtum (QTUM) Recent Partnerships

QTUM appears to have been dominating the East Asia markets and is collaborating with a Multi-media firm, Baofeng Bokocloud. This is an App development outfit has a user base of 200million in China alone. This is a huge boost for QTUM as it tried to strengthen its dApp portfolio in the market.

Earlier this year, QTUM announced their partnership with Qihoo 360, a Chinese firm that is highly respected in the cyber security circles and it is a huge plus for the cryptocurrency outfit that prides itself with the best secure platform in the market.

Rumors have been circulating in the media that the coin is set for a partnership with Starbucks. However, at the moment there are no indications of the rumor coming true. It turned out a hype intended to spike the QTUM price.

Qtum (QTUM) price Performance

The last one year has seen the coin price drop by over 50% but after getting listed on Poloniex exchange, QTUM price has been on and off the green trading territory. At press time QTUM was trading at $3.36 representing a 24 hour price spike of 1.95% to the dollar and 1.13% to Bitcoin.

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